Seaport Res Ptn Analysts Decrease Earnings Estimates for NOV

NOV Inc. (NYSE:NOV) – Analysts at Seaport Res Ptn decreased their FY2025 earnings estimates for NOV in a research note issued on Tuesday, November 18th. Seaport Res Ptn analyst T. Curran now anticipates that the oil and gas exploration company will post earnings per share of $0.87 for the year, down from their prior forecast of $1.00. The consensus estimate for NOV’s current full-year earnings is $1.40 per share. Seaport Res Ptn also issued estimates for NOV’s Q1 2026 earnings at $0.21 EPS, Q4 2026 earnings at $0.31 EPS and FY2027 earnings at $1.27 EPS.

Other research analysts also recently issued reports about the company. Piper Sandler reduced their target price on NOV from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, August 14th. Citigroup raised their price target on NOV from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Susquehanna set a $17.00 price objective on shares of NOV and gave the company a “positive” rating in a report on Wednesday, July 30th. Royal Bank Of Canada raised their target price on shares of NOV from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NOV in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, NOV has a consensus rating of “Hold” and an average target price of $15.54.

NOV Price Performance

Shares of NYSE NOV opened at $15.23 on Thursday. The company has a quick ratio of 1.72, a current ratio of 2.55 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average price is $13.87 and its two-hundred day moving average price is $13.19. The company has a market cap of $5.56 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 4.73 and a beta of 1.25. NOV has a twelve month low of $10.84 and a twelve month high of $16.84.

NOV (NYSE:NOV) last issued its earnings results on Tuesday, October 28th. The oil and gas exploration company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). NOV had a net margin of 4.36% and a return on equity of 5.89%. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The business’s quarterly revenue was down .7% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Banque Cantonale Vaudoise bought a new stake in shares of NOV in the first quarter valued at approximately $25,000. CoreFirst Bank & Trust bought a new position in NOV during the 2nd quarter worth $35,000. UMB Bank n.a. raised its holdings in NOV by 114.1% in the 3rd quarter. UMB Bank n.a. now owns 3,109 shares of the oil and gas exploration company’s stock valued at $41,000 after acquiring an additional 1,657 shares in the last quarter. Quarry LP lifted its position in shares of NOV by 119.7% during the 1st quarter. Quarry LP now owns 3,407 shares of the oil and gas exploration company’s stock valued at $52,000 after acquiring an additional 1,856 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in shares of NOV by 395.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,660 shares of the oil and gas exploration company’s stock worth $45,000 after purchasing an additional 2,921 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

About NOV

NOV Inc designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates through two segments, Energy Equipment, and Energy Products and Services. The company provides solids control and waste management equipment and services, managed pressure drilling, drilling fluids, premium drillpipe, wired pipe, drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits.